As of the 8th of December, ConAgra Foods shows the Downside Deviation of 1.09, risk adjusted performance of 0.0398, and Mean Deviation of 0.9908. ConAgra Foods technical analysis gives you the methodology to make use of historical prices and volume patterns to determine a pattern that approximates the direction of the firm's future prices. Put another way, you can use this information to find out if the firm will indeed mirror its model of historical prices and volume momentum, or the prices will eventually revert. We were able to analyze nineteen technical drivers for ConAgra Foods, which can be compared to its rivals. Please confirm ConAgra Foods maximum drawdown, semi variance, and the relationship between the jensen alpha and potential upside to decide if ConAgra Foods is priced correctly, providing market reflects its regular price of 29.52 per share. Given that ConAgra Foods has jensen alpha of 0.0329, we suggest you to validate ConAgra Foods's prevailing market performance to make sure the company can sustain itself at a future point.
ConAgra Foods Momentum AnalysisMomentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as ConAgra, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to ConAgra ConAgra Foods' Momentum analyses are specifically helpful, as they help investors time the market using mark points where the market can reverse. The reversal spots are usually identified through divergence between price movement and momentum.
ConAgra Foods Analyst Consensus
ConAgra Foods technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
ConAgra Foods Technical Analysis
ConAgra Foods Trend AnalysisUse this graph to draw trend lines for ConAgra Foods. You can use it to identify possible trend reversals for ConAgra Foods as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual ConAgra Foods price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.
ConAgra Foods Best Fit Change LineThe following chart estimates an ordinary least squares regression model for ConAgra Foods applied against its price change over selected period. The best fit line has a slop of 0.02 , which may imply that ConAgra Foods will maintain its good market sentiment and make money for investors. It has 122 observation points and a regression sum of squares at 17.45, which is the sum of squared deviations for the predicted ConAgra Foods price change compared to its average price change.
About ConAgra Foods Technical Analysis
ConAgra Foods December 8, 2023 Technical Indicators
Most technical analysis of ConAgra help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for ConAgra from various momentum indicators to cycle indicators. When you analyze ConAgra charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
ConAgra Foods December 8, 2023 Daily Trend Indicators
Traders often use several different daily volumes and price technical indicators to supplement a more traditional technical analysis when analyzing securities such as ConAgra stock. With literally thousands of different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.When determining whether ConAgra Foods is a strong investment it is important to analyze ConAgra Foods' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact ConAgra Foods' future performance. For an informed investment choice regarding ConAgra Stock, refer to the following important reports:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in ConAgra Foods. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation.For more detail on how to invest in ConAgra Stock please use our How to Invest in ConAgra Foods guide.Note that the ConAgra Foods information on this page should be used as a complementary analysis to other ConAgra Foods' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Manager module to state of the art Portfolio Manager to monitor and improve performance of your invested capital.
Complementary Tools for ConAgra Stock analysis
When running ConAgra Foods' price analysis, check to measure ConAgra Foods' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy ConAgra Foods is operating at the current time. Most of ConAgra Foods' value examination focuses on studying past and present price action to predict the probability of ConAgra Foods' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ConAgra Foods' price. Additionally, you may evaluate how the addition of ConAgra Foods to your portfolios can decrease your overall portfolio volatility.
Is ConAgra Foods' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of ConAgra Foods. If investors know ConAgra will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about ConAgra Foods listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
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Return On Assets
The market value of ConAgra Foods is measured differently than its book value, which is the value of ConAgra that is recorded on the company's balance sheet. Investors also form their own opinion of ConAgra Foods' value that differs from its market value or its book value, called intrinsic value, which is ConAgra Foods' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because ConAgra Foods' market value can be influenced by many factors that don't directly affect ConAgra Foods' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between ConAgra Foods' value and its price as these two are different measures arrived at by different means. Investors typically determine if ConAgra Foods is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ConAgra Foods' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.